“The country’s credit institutions will have the obligation to refrain from making banknotes available to the public and proceed to deposit them in this Central Bank,” Banxico reported.
Although these bills fall under the “withdrawal process” denomination, they can continue to be used to carry out commercial and exchange transactions, but once they reach the banks they must be deposited in Banxico and are not delivered to the public again.
The withdrawal process of these bills is aligned with the central bank’s plan to exchange 20 peso bills for coins; a plan announced in 2021, when the G family 20 peso bill came into circulation.
Other notes in withdrawal
Other banknotes from the F family that are in the process of being retired are the 50 peso bill, a predominantly magenta piece with the figure of José María Morelos y Pavón on the obverse as well as the Morelia aqueduct on the reverse.
This banknote was put into circulation on November 21, 2006.
The F family’s 1,000 peso bill is also in the process of being retired. It is a piece with predominant pink and violet colors. On the front you can see Miguel Hidalgo y Costilla while on the back there is the image of the University of Guanajuato.
This banknote began to circulate on April 7, 2008.
